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Just A Reminder...

Dear All,

I personally urges you to scrutinize any "super "trading system by providing fast rich method or all-in-one signal to realize your dream, before paying fee to them. As we all undertand, the way to fortune is a painstaking process, much due to your hard efforts and practice, do you think people now can produce any super machine better than human brain? Please do not fall victime of "impulsive buying", cool down yourself for some days first before giving your most precious asset: "Money".

Friday, November 14, 2008

Before reading this, please read the Disclaimer.

With my personal observation on the current market situation, the EURUSD is in the ranging mode. If you refer to my Daily chart above, EURUSD is now in between the 38.2% and 0% level of the Fibo. The main trend for the Daily chart still shows a bear market with some retracements. A reversal may occur if the price break 61.8% level or a continuation of the trend will occur if the price of the EURUSD breaks the 0% level. Personally, I will be looking for another short trade with the Euro and expecting another bear push if the current price break the 0% level.
Looking for a challenging trade next week. Until then happy trading guys ;)
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